Financial headlines

• Group revenue of €274 million, down 19% year on year
• Gross margin of 55%, up 4 percentage points year on year
• Total operating expenses of €118 million, down 10% year on year
• EBIT margin 12%, flat year on year
• Adjusted EPS of €0.14 compared to €0.18 in the prior year
• Net cash flow from operating activities of €50 million; €70 million in the prior year
• Net debt reduced to €153 million compared to €194 million at the start of the year

Operational headlines

• Global content, software and services agreement with PSA Peugeot Citroën
• Mazda and Fiat relationships expanded with Mazda6 and Abarth models
• Navigation app for Android smartphones launched
• Growth of WEBFLEET subscriber base to 223,000, up 39% year on year

Outlook full year 2012

• Revised revenue guidance of around €1.05 billion reflecting the impact of the macro-economic conditions in Europe on the automotive industry; guidance for adjusted EPS of around €0.35 maintained

View the full TomTom reports third quarter 2012 results release in PDF format